In parliament yesterday Alistair Darling announced some changes that were aimed at stimulating lending back to the levels we saw in 2007. Despite the £37 billion Government bailout, that occurred during October, lending remains at a third of the levels seen in the previous year. The interest rate cuts announced on the 5th December 2008 [...]

At the moment the UK is currently seeing £80 per day being wiped off the value of the average property. Even with falling interest rates there still seems to be no indication that this will stop any time soon. Prices have fallen anywhere between 10-16% in the last year and uncertainty continues as to when [...]

The slump in the housing market has reached a suitable low to attract interest from bargain hunters. In November the Royal Institution of Chartered Surveyors (Rics) reported a rise in buyer enquiries, although these enquiries are yet to be seen in actual sales with the lowest volume of house sales recorded for around 30 years [...]

HSBC Holdings has revealed that it will increase lending to UK homeowners by 18% in 2009. This will be a welcomed announcement by the Government who are putting banks under pressure to boost lending.
HSBC have £15 billion in the pot to lend to UK mortgage seekers in 2009, this is up on the £12.8 billion [...]

People who are on tracker mortgages, which track the Bank of England base rate, should be reaping the benefits of the new 2% interest rate. Those consumers who took a tracker mortgage could be seeing savings of 100s of pounds each month if the lenders pass on the impact of the cut. 
Not all mortgage holders [...]

The Bank of England has once again cut interest rates in a hope to stimulate the property market, but it still may not be enough. The cut in interest rate was welcomed throughout the property industry but analysts believe this won’t be enough to stimulate the market. 
The interest rate was cut by 1% making the [...]